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LMAX = revolution?!?

  • #1,601
  • Dec 15, 2012 9:49pm Dec 15, 2012 9:49pm
11.6.2011.
Huge Bearish Engulfing.. This is LMAX only.
(left=lmax,right=fxstreet.)
Attached Images
  • #1,602
  • Dec 17, 2012 8:59am Dec 17, 2012 8:59am
Quoting entheos
11.6.2011.
Huge Bearish Engulfing.. This is LMAX only.
(left=lmax,right=fxstreet.)
What instrument? Real or demo?

Not a very helpful screenshot, lol, can't even guess what it is as there's no price!
  • #1,603
  • Dec 18, 2012 1:34pm Dec 18, 2012 1:34pm
Quoting SupraSense
What instrument? Real or demo?

Not a very helpful screenshot, lol, can't even guess what it is as there's no price!

LOL
  • #1,604
  • Dec 20, 2012 9:25am Dec 20, 2012 9:25am
Quoting shrike
Doesnt matter, your account will be directly at LMax, and you send the money to lmax (not to fxmtf), just like if you would open an account with them on the lmax website. The only difference is that they get an introducing fee (i suppose) and you get cheaper commissions.

WRT safety with lmax in general, they are now a small firm (after the mgmt buyout) which i would inherently see as not very safe, or less safe than a big firm like Interactive Brokers for example. Not having a big corporation like BetFair as parent is a step back in my opinion....
Hi,

I thought you were quite active at MBT thread. Did you trade with LMAX?

I post some question about LMAX on MBT thread and they say bad things about LMAX. Was thinking about opening acc with LMAX but initial deposit kind of high. I love the low spread and commission.

Can you offer your personal opinion. Thanks
  • #1,605
  • Dec 20, 2012 9:58am Dec 20, 2012 9:58am
torro: I have been using them for quite some time now. Very reliable, and very good transaction costs(spread+commission). I am on the web-platform - can't vouch for their MT4, i have never used it. I think there are higher commissions on MT4 too. I would reccommend the web-platform, and 3rd party charts.

But stay away from the index and commodity CFDs. They have too few liquidity providers for these products, i believe only one. But FX is very good (they have 9 or 10 LPs in FX).

As for deposit: you can use fxmtf.com as introducing broker - your account is still at LMax. The only difference is that you pay less commissions and have a low initial deposit. I guess even accounts with <=50K are better off using them instead of LMax directly. Smaller accounts will have a hard time negotiating better commissions with lmax.

p.s.: what did they say in the MB thread?
  • #1,606
  • Dec 20, 2012 10:19am Dec 20, 2012 10:19am
Quoting shrike
torro: I have been using them for quite some time now. Very reliable, and very good transaction costs(spread+commission). I am on the web-platform - can't vouch for their MT4, i have never used it. I think there are higher commissions on MT4 too. I would reccommend the web-platform, and 3rd party charts.

But stay away from the index and commodity CFDs. They have too few liquidity providers for these products, i believe only one. But FX is very good (they have 9 or 10 LPs in FX).

As for deposit: you can use fxmtf.com as introducing broker - your...
I still have account with MBT. Feel something not right when they close UK office. Saw even they cant get a mini account fill. They have to partial fill at different price.

What 3rd party chart do you use?

They say MBT been in the business for so long compares to LMAX. LMAX dont have the reputation like MBT and others that I rather not mention.
  • #1,607
  • Dec 20, 2012 10:51am Dec 20, 2012 10:51am
Did they say that? So, so very interesting. I can understand the most brokers, they will disappear in two years because of LMAX.

It is a graet development to trade finally on a regulated currency exchange.
Comparing eToro and MBT with LMAX is ridiculous. Like: I like the Fiat, it is much better than the Ferrari.

Best regards, 666


Quoting torroray
I still have account with MBT. Feel something not right when they close UK office. Saw even they cant get a mini account fill. They have to partial fill at different price.

What 3rd party chart do you use?

They say MBT been in the business for so long compares to LMAX. LMAX dont have the reputation like MBT and others that I rather not mention.
  • #1,608
  • Dec 20, 2012 11:15am Dec 20, 2012 11:15am
Quoting 666
Did they say that? So, so very interesting. I can understand the most brokers, they will disappear in two years because of LMAX.

It is a graet development to trade finally on a regulated currency exchange.
Comparing eToro and MBT with LMAX is ridiculous. Like: I like the Fiat, it is much better than the Ferrari.

Best regards, 666
They say they have Liquidity Provider but when you look at the chart you get scared bcause it like you are trading against other retail trader.
  • #1,609
  • Dec 20, 2012 11:34am Dec 20, 2012 11:34am
I use SierraChart at the moment.
  • #1,610
  • Dec 20, 2012 5:33pm Dec 20, 2012 5:33pm
Quoting shrike
I use SierraChart at the moment.
Which data feed?
  • #1,611
  • Dec 20, 2012 6:54pm Dec 20, 2012 6:54pm
The standard fxcm one. Works ok for what i do.
  • #1,612
  • Dec 20, 2012 11:58pm Dec 20, 2012 11:58pm
Quoting shrike
The standard fxcm one. Works ok for what i do.
You need an account with FXCM to get data?
  • #1,613
  • Dec 21, 2012 7:35am Dec 21, 2012 7:35am
Quoting torroray
You need an account with FXCM to get data?
No, this one is included out of the box.
  • #1,614
  • Dec 21, 2012 9:45am Dec 21, 2012 9:45am
Quoting shrike
No, this one is included out of the box.
If you subscribe to Sierra the default feed for FX is from FXCM? I read from Sierra site you need FXCM account.

I am looking at tick so accuracy is important. Tick per tick any difference between Lmax and FXCM?
  • #1,615
  • Dec 23, 2012 12:55pm Dec 23, 2012 12:55pm
Quoting 666
Did they say that? So, so very interesting. I can understand the most brokers, they will disappear in two years because of LMAX.

It is a graet development to trade finally on a regulated currency exchange.
Comparing eToro and MBT with LMAX is ridiculous. Like: I like the Fiat, it is much better than the Ferrari.

Best regards, 666
Hi 666!

Granted I am a little biased, but in your analogy if LMAX is a Ferrari, then eToro is a bus or a subway train. The two providers are not addressing the same public nor the same needs so it is a bit hard to compare them. eToro's main advantage is its social trading network, a function not provided by LMAX nor most other providers, which enables traders to source the wisdom of the crowd and apply it to their own investment portfolios. It is an entirely different way of accessing the markets, a way that appeals to over 2 million traders worldwide. Don't knock it till you try it Anyways, feel free to try out eToro for free, by heading over to our OpenBook platform, no registration required!

Happy trading,
Andy, eToro Team
  • #1,616
  • Dec 24, 2012 2:10pm Dec 24, 2012 2:10pm
Quoting eToro Team
Hi 666!

Granted I am a little biased, but in your analogy if LMAX is a Ferrari, then eToro is a bus or a subway train. The two providers are not addressing the same public nor the same needs so it is a bit hard to compare them. eToro's main advantage is its social trading network, a function not provided by LMAX nor most other providers, which enables traders to source the wisdom of the crowd and apply it to their own investment portfolios. It is an entirely different way of accessing the markets, a way that appeals to over 2 million traders worldwide....

Dear eToro-Team,


thank you very much for your nice social media marketing campaign. However, look at this: http://www.forexpeacearmy.com/public.../www.etoro.com This really concerns me.

Again, comparing LMAX, a regulated MTF, with a broker regulated by the Cypriot Securities & Exchange Commission, is ridiculous. I stopped trading spot forex back in 2009, switched to futures and now back again to LMAX. Why? I am sure you know the answer.

Have a nice Christmas:-).


Bye, bye, I will simply ignore you in future. Stop spamming the Lmax-thread, it is for Lmax-traders.
  • #1,617
  • Dec 28, 2012 6:33am Dec 28, 2012 6:33am
Any new liquidity providers with LMAX ?
  • #1,618
  • Dec 28, 2012 6:49am Dec 28, 2012 6:49am
Quoting Forexeurusd
Any new liquidity providers with LMAX ?
Don't know. You getting partial fills?
  • #1,619
  • Dec 30, 2012 10:11am Dec 30, 2012 10:11am
No, but LMAX was talking about doing it..
  • #1,620
  • Dec 30, 2012 10:13am Dec 30, 2012 10:13am
Quoting Forexeurusd
No, but LMAX was talking about doing it..
Maybe they have then. Either way, their liquidity is enough to create their spreads and I have not had partial fills, until then I won't complain.
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